Waiting for Powell

07Dec10:31 amEST

Isn't That Just Like a Pop?

Silver is leading an impressive opening pop in the precious complex, complete with gold and the miners participating early on. However, as the broad market remains on shaky footing everyone seems to be on pins and needles to see if yet another pop will fade in commodities. First and foremost, oil is still having issues holding green. Now, I am...

06Dec4:58 pmEST

Stock Market Recap 12/06/22 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

06Dec11:38 amEST

Mucho Trabajo, Poco Dinero

The market continues to deal with a kind of early-December malaise, with any early strength used as an opportunity for the algos to run sell programs off the bat. Still, all we have really done with the recent weakness is retrace, for example on the S&P 500 Index, the big rally from last Wednesday we saw to close out November. Seasonality,...

05Dec11:08 amEST

Backing, Filling, Shaking, and Baking

This sort of market action continues to be a grind for most traders, as the day-to-day flopping around of most markets can take a toll on the psyche. In these moments we often focus on mental toughness inside Market Chess Subscription Services by 1) Not over-trading and letting the market settle down, and 2) Working through the grind and...

04Dec10:29 amEST

Weekend Overview and Analysis 12/04/22 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for more...

02Dec10:56 amEST

The Mini Ice Age Cometh

With this morning stronger-than-expected jobs report now behind us, we have a bit of an "ice age" for just under two weeks now. Earnings are more or less over with, as far as the big names are concerned, and we have a lull in major economic data/macro events until the CPI and FOMC beginning December 13th. With this in mind, it is critical for...

01Dec4:24 pmEST

Stock Market Recap 12/01/22 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

01Dec10:27 amEST

Don't You Hurt My Precious!

Equities as a whole are dealing with what seems like a daily fade this morning off the open, as the Dow, S&P, Nasdaq, and small caps are all soundly in the red as I write this. True, we do have the jobs report tomorrow morning pre-market which figures to be the last major macro event before the CPI/FOMC on December 13th and 14th, respectively....

30Nov3:06 pmEST

Silver's Acting Great and No One Cares Except the Weirdos

It is often said in markets that from failed moves in one direction come aggressive moves the other way. And that goes double for failed moves around signifiant technical junctures. In the case of the sliver metal ETF, updated below on the daily timeframe, we had a horrendous session on Monday bringing out the usual hecklers chanting something...

30Nov11:25 amEST

Waiting for Powell

This afternoon at 1:30 pm EST the Brookings Institution, Fed Chair Jay Powell is expected to deliver a speech which will be his final public remarks before the next FOMC in mid-December. Given the indecisive nature of markets in recents weeks after previously rallying off the mid-October lows it sure seems like Mr. Powell's comments today may...